Financial Performance
Fraport AG reported a second‑quarter net profit of €84.7 million for the period ended 30 June, a decline of €40.3 million (32%) from €125.0 million a year earlier and below the S&P Global Visible Alpha consensus of €92.6 million by roughly 8.5%. Revenue increased 5.8% year‑on‑year to €1.19 billion, surpassing the consensus estimate of €1.15 billion. EBITDA rose to €386.3 million, also exceeding the analyst expectation of €372.6 million.
Passenger Traffic
Frankfurt Airport processed 16.2 million passengers in the quarter, representing a 3.2% decrease from the prior year, impacted by airline strikes, adverse weather conditions, and reduced airline capacity linked to the Middle‑East conflict. In contrast, most of Fraport’s international airports recorded passenger growth, with the exception of Antalya, which saw a decline due to weaker bookings tied to geopolitical tensions. The company highlighted continued solid passenger growth at its other international locations, including Greece, Lima, Fortaleza and Porto Alegre.
Cost Impact and Outlook
The newly opened Terminal 3, which commenced operations in April, contributed to a sharp rise in depreciation and financing costs because construction‑related interest capitalization fell. These higher non‑operating expenses weighed on earnings for the quarter. Despite the profit shortfall and ongoing uncertainties from airline strikes, Middle‑East tensions, and elevated jet‑fuel prices, Fraport reaffirmed its full‑year financial outlook and expects passenger traffic at Frankfurt Airport to remain broadly in line with 2025 levels while maintaining its group‑wide performance forecasts.